Sponsors

USD/JPY Forecast December 18, 2015, Technical Analysis

Daily Forex Reports | by FX Empire | Friday, 18 December 2015 06:22 UTC

The USD/JPY pair fell initially during the course of the session on Thursday, and then turned around to form a fairly bullish candle. If we can break above the top of the range for the Thursday session though, we are buyers as the market should then reach towards the 123.50 resistance barrier. Pullbacks at this point in time should be buying opportunities, and as a result we are very bullish of this market but also recognize that patience will be needed in order to continue to start buying. Selling isn’t even a thought.

USD/JPY Forecast December 18, 2015, Technical Analysis

Recommended Forex Trading Platforms

Forex Trading We know that the right opportunity can happen at anytime, anywhere. Saxo Capital Markets is committed to giving you a suite of platforms that will enable you to access your account and trade the markets whenever and wherever you want.

Sponsors

Subscribe to Newsletter

To receive alerts by email when Free Forex Analysis are updated. Enter your email address below.